Nope. They aren't overpaid. They is clearly an established market for elite athletic prowess, and unlike construction or IT work, there just aren't that many superior athletes who could replace them in their jobs.
Now, comparative to other elite athletes, Russell is overpaid relative to his value over a replacement player, but that certainly doesn't speak to that market in general.
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19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.
Ezekiel 23:19-20
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